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CFOs On the Move: Week Ending March 25

SAP, Kimberly-Clark, Hearst, Prada, Lightspeed Commerce, Vistra, Digital River, Grant Thornton, Scribe Therapeutics, FreightCar America, Kraken
CFOs On the Move: Week Ending March 25
Photo: Getty Images

  Luka Mucic

SAP’s chief financial officer Luka Mucic is leaving the company. SAP has started the search for his successor, and Mucic will continue as CFO until March 31, 2023. Mucic is the third CFO in the software company’s 50-year history. Mucic started his career at SAP in 1996 in the corporate legal department. He was CFO of SAP’s DACH (Germany, Austria, Switzerland) region from 2008 to 2012 and became head of global finance in 2013. He was named CFO in 2014. 

Nelson Urdaneta will take over as CFO of Kimberly-Clark on April 22. Urdaneta joins the consumer products maker after nearly 17 years at Mondelēz International, where he was most recently senior vice president and treasurer. He was previously corporate controller and chief accounting officer, CFO of Asia Pacific and general manager of Venezuela at the snack company. Urdaneta succeeds Maria Henry, who is retiring. Henry joined Kimberly-Clark as CFO in 2015.  

How Startup CFO Grew Food Company 50% YoY

How Startup CFO Grew Food Company 50% YoY

This case study of JonnyPops’ success highlights the unusual financial and operational strategies that enabled rapid expansion into a crowded and highly competitive frozen treat market. 

  Regina Buckley

Regina Buckley was named CFO at Hearst Magazines, effective April 26. Buckley joins the media company from the Guardian News & Media, where she was president of the North American division for the past two years. Previously, she was chief financial officer and chief operating officer for the division. Before that, she held several senior-level roles at Time, including general manager of the lifestyle group and senior vice president of digital operations and digital business development. 

Italian luxury fashion house The Prada Group named Andrea Bonini as its new chief financial officer, effective May 2. Bonini started his career at Milan-based M&A boutique Gallo & C. and in 2005 he joined the investment banking division of Goldman Sachs, where he has been a managing director since 2015. At Goldman, he was part of the Italy coverage team until 2013 and subsequently joined the consumer retail group, with responsibility for luxury and brands in Europe. He replaces Alessandra Cozzani, who joined the company in 2016. Cozzani will leave the company on September 30. 

Asha Bakshani

Lightspeed Commerce promoted Asha Bakshani to finance chief. Bakshani joined the commerce platform in 2014 as director of finance and soon after was named vice president of finance. She was promoted to senior vice president of finance in January 2019. Before joining Lightspeed, Bakshani was senior vice president of finance at media production company Cineflix. Before that, she spent almost 10 years working in public accounting at Deloitte.

Vistra’s president and CFO Jim Burke will take over as CEO on August 1. Burke was previously the company’s chief operating officer. He also previously served as CEO of TXU Energy, a subsidiary of Vistra. Before his experience in electricity markets, Burke worked at The Coca-Cola Company for six years. Burke succeeds Curt Morgan, who has been CEO since 2016. The energy company anticipates it will name Burke’s replacement as chief financial officer before he takes over as CEO.

  Keith Bush

Keith Bush is the new CFO at e-commerce payment processing service provider Digital River. Bush was most recently chief financial officer and senior vice president at Deluxe. He worked at American Airlines before that, where he was most recently senior vice president of finance. Earlier in his career, he spent 14 years at Northwest Airlines.

Grant Thornton named Kevin Zubor its new chief financial officer. Zubor joins the accountancy giant after eight years working as CFO of law firm Katten Muchin Rosenman LLP. Before that, he held multiple leadership roles with Jones Lang LaSalle America. His 16-year tenure at the real estate giant culminated in his appointment as its Americas chief accounting officer. Zubor takes over for interim CFO Jim Peko, who will continue in his role as the firm’s chief operating officer.

  David Parrot

Biotech firm Scribe Therapeutics appointed David Parrot as chief financial officer. Parrot joins the company from Barclays, where he was a managing director responsible for building its West coast life sciences and biotechnology investment banking business. Before that, Parrot was a managing director of investment banking in the healthcare group at SunTrust Robinson Humphrey, focused on the biotechnology sector. He began his career in investment banking at Piper Jaffray. 

FreightCar America promoted Michael Riordan to chief financial officer. Since November 2020, Riordan has been the railroad freight car manufacturer’s corporate controller and chief accounting officer. Riordan was previously controller at InnerWorkings and he served in several financial management positions at Wheatland Tube. Riordan replaces Terence Rogers, who joined the company in early 2021 and will leave after a transition period.

  Carrie Dolan

Cryptocurrency exchange Kraken appointed Carrie Dolan as finance chief. Dolan was most recently CFO at Tradeshift, a digital payments and trade finance platform. Before that, she held key leadership roles at Lending Club, Metromile, Charles Schwab, and Chevron. In 2014, she managed Lending Club’s IPO, raising $1 billion in capital and making it one of the top 10 U.S.-based internet public offerings. Earlier in her career, she was treasurer for Charles Schwab and CFO for the Schwab Bank, which she helped launch.

Tullow Oil hired Jonathan Swinney to take over as CFO and as an executive director later this year. Richard Miller, currently group financial controller, will act as interim CFO until Swinney arrives at Tullow. Currently, Swinney is finance chief of oil and gas company EnQuest. He was previously head of mergers and acquisitions at Petrofac.